CIETAC – the China International Economic and Trade Arbitration Commission – is the best known Chinese arbitration body. When it comes to the choice of an arbitration body, for foreign companies doing business in China, CIETAC is usually a viable alternative to well-established international arbitration institutions (such as the Hong Kong International Arbitration Centre, the Singapore International Arbitration Centre and the Arbitration Institution of the Stockholm Chamber of Commerce).
CIETAC has recently revised its 2005 arbitration rules (“2005 Rules”). The revised arbitration rules will come into force on 1 May 2012.
In China, franchising involves a company (franchisor) granting the use of certain intellectual property rights and business resources to another company (franchisee), by contract. The franchisee conducts its business activities using the intellectual property rights and business resources licensed by the franchisor. The franchisee pays a fee to the franchisor as consideration for the use of the intellectual property rights and, in general, the use of a business model for selling goods or providing services.
In China, for companies (and even for people) the time to move is often unexpected. For instance, the local government may give notice to a company to move within six months. There could be many reasons for this sort of notice. However, it is often due to the intended construction of a public building or residential project on the land where the company is currently located. Such situations are fairly common because of the continued expansion of urban areas in China.